Volltext-Downloads (blau) und Frontdoor-Views (grau)

Business model innovation in the insurance industry : barriers faced by incumbents

  • The emergence of FinTechs, InsurTechs and the ever-increasing regulatory pressure have accelerated insurance companies' need to innovate their business models and to find novel sources of value creation and cost-saving. This study provides a deep insight into various internal and external barriers influencing business model innovation in the German insurance industry. Results of interviews conducted with 23 experts working in established insurance firms operating in Germany showed that internal barriers constitute more of a hindrance than external barriers. This dynamic holds especially true for regulations, as the fear of breaching external regulation fosters the development of even stronger internal rules that fundamentally impede business model innovation.

Export metadata

Additional Services

Search Google Scholar


Document Type:Article
Author:Tim MosigORCiD, Claudia Lehmann, Kathrin M. MösleinORCiD
Chairs and Professorships:Chair of Digital Innovation in Service Industries
Center:Center for Leading Innovation and Cooperation (CLIC)
Parent Title (English):International Journal of Entrepreneurship and Innovation Management (IJEIM)
Year of Completion:2021
First Page:391
Last Page:419
Tag:Barriers; Business model innovation; Incumbents; Insurance industry; Regulation
Content Focus:Academic Audience
Peer Reviewed:Yes
Rankings:AJG Ranking / 1
VHB Ranking / C
SJR Ranking / Q3
Licence (German):License LogoUrheberrechtlich geschützt